Yes, I mentioned that price was an advantage for the N7.  The way I would look at is that the N7 with 32GB is now selling for $269.  The G Pad + a 32Gb sd card would cost about $375, a difference of $106.  You would end up with 16Gb more storage on the G Pad in that scenario.  Plus, if retailers offer, say, a $50 rebate for G Pad, the price difference would come down to about $56.  A lot of people spend that amount just on accessories.
Tablet size is a matter of personal preference, but I find that a 7 inch tablet is just a mistake.  I would be willing to pay $106 more for a tablet with what to me is the right size, i.e., around 8 inches.  With all of the reviewers complaining about the price, I expect to see some discounting on the G Pad.  That would definitely make it worth it for me.